Bogus banking fees creeping up?

[NotCranky]

Security Pacific started yanking random $20’s out of my account when they were in trouble in the 80’s. They wouldn’t give them back so I moved.

At&t tries to rip us off every couple of years with unrequested plan changes. It is a real hassle to get it fixed and get a refund. I got it fixed and demanded a refund which they refused, so I told them I would short my future payments to compensate if they kept wasting my time. It got fixed.

[LuckyInOC]

[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]

Credit Unions have become the replacement for the ole Savings and Loans.

How about we start our own ‘Piggington Credit Union’.
We can give ourselves a high % interest for deposits, loan out at only 5x our deposits (low risk of bk), control loan to value ratios (low risk loans), and keep the cost very low (no big executive bonuses).

Co-Op banking where the depositors have control not the bankers…

Lucky In OC

[LuckyInOC]

[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]

Credit Unions have become the replacement for the ole Savings and Loans.

How about we start our own ‘Piggington Credit Union’.
We can give ourselves a high % interest for deposits, loan out at only 5x our deposits (low risk of bk), control loan to value ratios (low risk loans), and keep the cost very low (no big executive bonuses).

Co-Op banking where the depositors have control not the bankers…

Lucky In OC

[LuckyInOC]

[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]

Credit Unions have become the replacement for the ole Savings and Loans.

How about we start our own ‘Piggington Credit Union’.
We can give ourselves a high % interest for deposits, loan out at only 5x our deposits (low risk of bk), control loan to value ratios (low risk loans), and keep the cost very low (no big executive bonuses).

Co-Op banking where the depositors have control not the bankers…

Lucky In OC

[LuckyInOC]

[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]

Credit Unions have become the replacement for the ole Savings and Loans.

How about we start our own ‘Piggington Credit Union’.
We can give ourselves a high % interest for deposits, loan out at only 5x our deposits (low risk of bk), control loan to value ratios (low risk loans), and keep the cost very low (no big executive bonuses).

Co-Op banking where the depositors have control not the bankers…

Lucky In OC

[LuckyInOC]

[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]

Credit Unions have become the replacement for the ole Savings and Loans.

How about we start our own ‘Piggington Credit Union’.
We can give ourselves a high % interest for deposits, loan out at only 5x our deposits (low risk of bk), control loan to value ratios (low risk loans), and keep the cost very low (no big executive bonuses).

Co-Op banking where the depositors have control not the bankers…

Lucky In OC

[Wickedheart]

[quote=nostradamus]Ditto. Suddenly my cable, phone, and internet randomly cost more. It’s not negligible: like 5% more. No problems with the banks though (I keep close watch).

Should I cancel time warner and try att u-verse? Anyone done that?[/quote]

Isn’t that because of the new increase in state sales tax?

[Wickedheart]

[quote=nostradamus]Ditto. Suddenly my cable, phone, and internet randomly cost more. It’s not negligible: like 5% more. No problems with the banks though (I keep close watch).

Should I cancel time warner and try att u-verse? Anyone done that?[/quote]

Isn’t that because of the new increase in state sales tax?

[Wickedheart]

[quote=nostradamus]Ditto. Suddenly my cable, phone, and internet randomly cost more. It’s not negligible: like 5% more. No problems with the banks though (I keep close watch).

Should I cancel time warner and try att u-verse? Anyone done that?[/quote]

Isn’t that because of the new increase in state sales tax?

[Wickedheart]

[quote=nostradamus]Ditto. Suddenly my cable, phone, and internet randomly cost more. It’s not negligible: like 5% more. No problems with the banks though (I keep close watch).

Should I cancel time warner and try att u-verse? Anyone done that?[/quote]

Isn’t that because of the new increase in state sales tax?

[Wickedheart]

[quote=nostradamus]Ditto. Suddenly my cable, phone, and internet randomly cost more. It’s not negligible: like 5% more. No problems with the banks though (I keep close watch).

Should I cancel time warner and try att u-verse? Anyone done that?[/quote]

Isn’t that because of the new increase in state sales tax?

[Coronita]

[quote=kev374]so why do you bank with them? There are hundreds of other banks that will take your business and offer you a much better deal.

[/quote]

For BofA (and Wells for that matter), convenience.

For Citibank: it use to be for the dividend dollars. But more importantly, I do like their virtual account number feature when I buy something from the net and i suspend the establishment is shady. It has come in really handy to generate virtual account number with a preset limit and expiration date, and use that number for purchases. It has also come in handy, when it comes to signing up for “trial” services that require you to provide a CC number. In the past, even if I cancelled my trial services on time, I often get charged accidently. With a virtual account number, I can configure a virtual CC# to use for the trial service such that it’s expiration date is 2 month or the credit limit ($2.00) is reached right after my trial period expires. That way, even if I cancel my service, the business can’t bill me accidentally, because the virtual account CC# will be declined.

[Coronita]

[quote=kev374]so why do you bank with them? There are hundreds of other banks that will take your business and offer you a much better deal.

[/quote]

For BofA (and Wells for that matter), convenience.

For Citibank: it use to be for the dividend dollars. But more importantly, I do like their virtual account number feature when I buy something from the net and i suspend the establishment is shady. It has come in really handy to generate virtual account number with a preset limit and expiration date, and use that number for purchases. It has also come in handy, when it comes to signing up for “trial” services that require you to provide a CC number. In the past, even if I cancelled my trial services on time, I often get charged accidently. With a virtual account number, I can configure a virtual CC# to use for the trial service such that it’s expiration date is 2 month or the credit limit ($2.00) is reached right after my trial period expires. That way, even if I cancel my service, the business can’t bill me accidentally, because the virtual account CC# will be declined.

[Coronita]

[quote=kev374]so why do you bank with them? There are hundreds of other banks that will take your business and offer you a much better deal.

[/quote]

For BofA (and Wells for that matter), convenience.

For Citibank: it use to be for the dividend dollars. But more importantly, I do like their virtual account number feature when I buy something from the net and i suspend the establishment is shady. It has come in really handy to generate virtual account number with a preset limit and expiration date, and use that number for purchases. It has also come in handy, when it comes to signing up for “trial” services that require you to provide a CC number. In the past, even if I cancelled my trial services on time, I often get charged accidently. With a virtual account number, I can configure a virtual CC# to use for the trial service such that it’s expiration date is 2 month or the credit limit ($2.00) is reached right after my trial period expires. That way, even if I cancel my service, the business can’t bill me accidentally, because the virtual account CC# will be declined.

[Coronita]

[quote=kev374]so why do you bank with them? There are hundreds of other banks that will take your business and offer you a much better deal.

[/quote]

For BofA (and Wells for that matter), convenience.

For Citibank: it use to be for the dividend dollars. But more importantly, I do like their virtual account number feature when I buy something from the net and i suspend the establishment is shady. It has come in really handy to generate virtual account number with a preset limit and expiration date, and use that number for purchases. It has also come in handy, when it comes to signing up for “trial” services that require you to provide a CC number. In the past, even if I cancelled my trial services on time, I often get charged accidently. With a virtual account number, I can configure a virtual CC# to use for the trial service such that it’s expiration date is 2 month or the credit limit ($2.00) is reached right after my trial period expires. That way, even if I cancel my service, the business can’t bill me accidentally, because the virtual account CC# will be declined.

[Author]

Posts